Re: [bitcoin-dev] Significant losses by double-spending unconfirmed transactions

2015-07-17 Thread Peter Todd via bitcoin-dev
On Wed, Jul 15, 2015 at 05:08:05PM -0700, Matthieu Riou via bitcoin-dev wrote: On Wed, Jul 15, 2015 at 12:32 PM, Peter Todd p...@petertodd.org wrote: In a Sybil attack the attacker subverts the reputation system of a peer-to-peer network by creating a large number of pseudonymous

Re: [bitcoin-dev] Significant losses by double-spending unconfirmed transactions

2015-07-16 Thread Me via bitcoin-dev
minrelaytxfee setting proposed in the 0.11.0 release notes my guess, he is talking about this https://bitcoin.org/en/glossary/minimum-relay-fee https://bitcoin.org/en/glossary/minimum-relay-fee - slam dunk technique for doublespend Related: is there somewhere a chart that plots

Re: [bitcoin-dev] Significant losses by double-spending unconfirmed transactions

2015-07-16 Thread Greg Schvey via bitcoin-dev
Simon - tx hashes or it didn't happen Kidding aside, would be great if you could share the confirmed and double-spent hashes so the rest of us can dive in and learn from this. On Thu, Jul 16, 2015 at 7:50 AM, Me via bitcoin-dev bitcoin-dev@lists.linuxfoundation.org wrote: minrelaytxfee

Re: [bitcoin-dev] Significant losses by double-spending unconfirmed transactions

2015-07-15 Thread Matthieu Riou via bitcoin-dev
On Wed, Jul 15, 2015 at 12:32 PM, Peter Todd p...@petertodd.org wrote: In a Sybil attack the attacker subverts the reputation system of a peer-to-peer network by creating a large number of pseudonymous identities, using them to gain a disproportionately large influence. Our identities

Re: [bitcoin-dev] Significant losses by double-spending unconfirmed transactions

2015-07-15 Thread Tom Harding via bitcoin-dev
You perform a valuable service with your demonstration, but you neglected to include the txid's to show that you actually did it. Your advice is must-follow for anyone relying on an unconfirmed tx: it must pay a good fee and be highly relayable/minable. On 7/14/2015 8:29 PM, simongreen--- via

Re: [bitcoin-dev] Significant losses by double-spending unconfirmed transactions

2015-07-15 Thread Me via bitcoin-dev
Thank you Simon for sharing your tests, if possible can you share TX hashes please. I would recommend to send them money post-mortem. What you did is really valuable information, however it can be classified as fraud. I really don’t want open this topic here, just suggesting to keep your record

Re: [bitcoin-dev] Significant losses by double-spending unconfirmed transactions

2015-07-15 Thread Bastiaan van den Berg via bitcoin-dev
On Wed, Jul 15, 2015 at 5:49 PM, Me via bitcoin-dev bitcoin-dev@lists.linuxfoundation.org wrote: Blockcypher's confidence factor model(1) under the hood - yet another one of those sybil attacking network monitoring things Peter, I noticed on your twitter you have a lot of bad things to

[bitcoin-dev] Significant losses by double-spending unconfirmed transactions

2015-07-14 Thread simongreen--- via bitcoin-dev
With my black hat on I recently performed numerous profitable double-spend attacks against zeroconf accepting fools. With my white hat on, I'm warning everyone. The strategy is simple: tx1: To merchant, but dust/low-fee/reused-address/large-size/etc. anything that miners don't always accept.